Premier Oil backs out of Bagpuss

Offshore staff

TORONTO – According to partner North Sea Energy Inc., Premier Oil UK Ltd. will resign as operator of the Bagpuss joint-venture (license P.1943) with the effective date of Dec. 31.

In addition, Premier has agreed in principle to sell its 40.1% working interest in the Bagpuss JV to Reach Halibut Ltd., subject to approval by the JV partners and regulatory consent from the OGA.

Most recently, in August, Premier said that the 13/25-1 well, targeting the heavy-oil Bagpuss prospect had “proven a significant volume of oil in place,” encountering 41 ft (12 m) of hydrocarbon-bearing sands within a 68-ft (21-m) hydrocarbon column.

Bagpuss is located on the Halibut Horst in the Outer Moray Firth.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...